The House and Senate passed a $900 billion coronavirus relief bill and a $1.4 trillion government funding measure Monday night after months of gridlock on Capitol Hill.
Why it matters: The bill’s passage comes before many of the existing coronavirus relief measures were set to expire on January 1. It also staves off a government shutdown.
The big picture: While the plan is roughly half the size of the $2.2 trillion CARES Act Congress passed in March, it is still one of the most expensive rescue packages in modern history. Continue reading.